KrYpTon_Horizon

NEO, the descending triangle pattern.

BITFINEX:NEOUSD   NEO / Dollar
Hello my friends!!! I want to give you a brief explanation about what NEO could do the upcoming days.

As you can see the rising wedge I created in my previous analysis worked out perfectly.
Neo has formed a descending triangle but has broken above the resistance line which is a very good thing to see. Now we could see a rise to 56 dollars where the next resistance lies.
However, If neo falls back below the support line of descending triangle , we could see a retracement to the 76% fibonacci retracement level which is a huge support for NEO.
Keep in mind that this is the one hour chart and a short-term analysis.

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Greetings, Krypton
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